Titan Share Price Target 2024, 2025, 2026, 2027, 2030 and Long Term
Titan Company Ltd is a leading manufacturer and retailer of watches, jewelry, eyewear, and accessories in India. It is a part of the Tata Group, one of India’s largest and most respected business conglomerates. In this article, let’s look at the Titan Share Price Target for Tomorrow, 2023, 2024, 2025, 2030 and Long Term.
We will also do a fundamental and technical analysis of Titan stock, and look at growth Prospects and Financial performance of Titan Stock.
Consider reading: IRCTC Share Price Target
Page Contents
Titan Share Price Target 2024, 2025,2026, 2027, 2030 and Long Term
| Year | Minimum Price Target | Maximum Price Target | Average Price Target |
|---|---|---|---|
| 2024 | ₹3,795 | ₹4,025 | ₹3,910 |
| 2025 | ₹4,364 | ₹4,629 | ₹4,497 |
| 2026 | ₹5,019 | ₹5,323 | ₹5,171 |
| 2027 | ₹5,772 | ₹6,122 | ₹5,947 |
| 2028 | ₹6,637 | ₹7,040 | ₹6,839 |
| 2029 | ₹7,633 | ₹8,096 | ₹7,864 |
| 2030 | ₹8,778 | ₹9,310 | ₹9,044 |
| 2031 | ₹10,095 | ₹10,707 | ₹10,401 |
| 2032 | ₹11,609 | ₹12,313 | ₹11,961 |
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Titan Share Price Target 2024
For the year 2024, the share price targets for Titan have been defined across multiple metrics. The minimum price target is projected at ₹3,795, whereas the maximum target is estimated to be ₹4,025.
| Year | Minimum Price Target | Maximum Price Target | Average Price Target |
|---|---|---|---|
| 2024 | ₹3,795 | ₹4,025 | ₹3,910 |
Titan Share Price Target 2025
For Titan in the year 2025, the projected share price targets span a range. The minimum anticipated price target is ₹4,364 while the maximum is pegged at ₹4,629.
| Year | Minimum Price Target | Maximum Price Target | Average Price Target |
|---|---|---|---|
| 2025 | ₹4,364 | ₹4,629 | ₹4,497 |
Titan Share Price Target 2026
For Titan in the year 2023, the share price targets have been delineated in various categories. The minimum price target is forecasted at ₹5,019, while the maximum can go up to ₹5,323. Taking into account both extremes, the average price target for the year is anticipated to be ₹5,171.
| Year | Minimum Price Target | Maximum Price Target | Average Price Target |
|---|---|---|---|
| 2026 | ₹5,019 | ₹5,323 | ₹5,171 |
Titan Share Price Target 2030
For Titan’s share price target in the year 2030, the predictions vary. The minimum price target is forecasted to be ₹8,778, with a maximum reaching up to ₹9,310.
| Year | Minimum Price Target | Maximum Price Target | Average Price Target |
|---|---|---|---|
| 2030 | ₹8,778 | ₹9,310 | ₹9,044 |
Consider reading: Bajaj Finance Share Price Target
Titan: Financial Performance
Titan has been delivering consistent growth in terms of revenue and profitability over the years. According to its latest quarterly results for Q1 FY24 (April-June 2023), Titan reported:
- A revenue of INR 76.94 billion ($1 billion), up by 117% year-on-year (YoY) and 13% quarter-on-quarter (QoQ).
- Earnings before interest, taxes, depreciation, and amortization (EBITDA) of INR 9.64 billion ($128 million), up by 583% YoY and 14% QoQ.
- An EBITDA margin of 12.5%, up by 8 percentage points YoY and flat QoQ.
- A net profit of INR 6.16 billion ($82 million), up by 290% YoY and down by 8% QoQ.
- A net profit margin of 8%, up by 3 percentage points YoY and down by 2 percentage points QoQ.
Titan’s annual performance for FY23 was also impressive as it reported:
- A revenue of INR 263.44 billion ($3.5 billion), up by 36% YoY.
- An EBITDA of INR 32.42 billion ($432 million), up by 66% YoY.
- An EBITDA margin of 12.3%, up by 2 percentage points YoY.
- A net profit of INR 21.01 billion ($280 million), up by 64% YoY.
- A net profit margin of 8%, up by 1 percentage point YoY.
Here is a quick snapshot of Titan Financials for the last 5 years:
| Financial Header | Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 |
|---|---|---|---|---|---|
| Sales | 19,779 | 21,052 | 21,644 | 28,799 | 40,575 |
| Expenses | 17,785 | 18,589 | 19,919 | 25,455 | 35,693 |
| Operating Profit | 1,994 | 2,463 | 1,725 | 3,344 | 4,882 |
| OPM % | 10% | 12% | 8% | 12% | 12% |
| Other Income | 178 | 153 | 180 | 177 | 306 |
| Interest | 53 | 166 | 203 | 218 | 300 |
| Depreciation | 163 | 348 | 375 | 399 | 441 |
| Profit before tax | 1,957 | 2,102 | 1,327 | 2,904 | 4,447 |
| Tax % | 29% | 29% | 27% | 24% | 26% |
| Net Profit | 1,389 | 1,493 | 974 | 2,198 | 3,274 |
| EPS in Rs | 15.82 | 16.91 | 10.96 | 24.48 | 36.61 |
| Dividend Payout % | 32% | 24% | 37% | 31% | 27% |
Titan’s financial performance reflects its strong brand equity and customer loyalty as well as its ability to adapt to the changing consumer preferences and market dynamics amid the COVID-19 pandemic.
Titan’s revenue is mainly derived from two segments: jewelry (83%) and watches (13%).
Titan’s jewelry segment has been the key growth driver for the company as it witnessed a strong recovery in demand post the lockdowns and benefited from the shift from unorganized to organized players in the jewelry market.
Titan’s watches segment also witnessed a gradual improvement in demand as it launched new products and expanded its online presence.
Consider reading: Adani Share Price Target
Titan Stock: Growth Prospects
Titan is poised for significant growth in both the Indian and international markets, leveraging its strong presence in sectors with high growth potential and relatively low market saturation.
The Indian jewelry market, as per CRISIL Research, is forecasted to expand at an impressive compound annual growth rate (CAGR) of 13%, from INR 3.3 trillion in FY19 to INR 8.5 trillion by FY24. Similarly, the watch sector is anticipated to grow at a CAGR of 9%, reaching INR 125 billion by FY24 from INR 80 billion in FY19. The eyewear market is not far behind, with an expected growth rate of 15% CAGR, doubling from INR 120 billion in FY19 to INR 240 billion in FY24.
Titan’s robust position in the market is attributed to its diverse brand portfolio, extensive product range, strong distribution network, and a loyal customer base. The company’s focus on innovation and customer-centricity allows it to continually offer unique products and services that meet the changing preferences and needs of consumers. Additionally, Titan’s revenue diversification strategy minimizes its reliance on any single category or market.
To realize its vision of becoming a leading global lifestyle brand, Titan has been actively investing in expanding its reach, enhancing product offerings, and acquiring strategic assets. Some noteworthy initiatives include:
- Launch of Taneira, a luxury ethnic wear brand featuring a collection of handcrafted sarees, lehengas, and suits from across India.
- Introduction of CaratLane, an online platform offering contemporary, affordable jewelry designs.
- The debut of Titan Pay, a contactless payment solution integrated with Titan watches.
- The introduction of Fastrack Perfumes, a fragrance line targeting the youth.
- Launch of Titan Smart+, a smartwatch series with features like fitness tracking and heart rate monitoring.
- Acquisition of Hug Innovations, specializing in gesture-controlled wearable devices and software.
- Purchase of Favre Leuba, a historic Swiss luxury watch brand.
- Online retail partnerships with platforms like Tata Cliq, Amazon, Flipkart, and Myntra.
- Collaboration with SBI Card to launch co-branded credit cards offering exclusive benefits on Titan products and services.
Looking ahead, Titan is exploring opportunities in new segments like smart eyewear, athleisure wear, and home decor, alongside potential international expansion, solidifying its position as a multifaceted lifestyle powerhouse.
Titan: Valuation and Target Price
Titan’s valuation is based on a combination of fundamental and relative analysis. For the fundamental analysis, I use a discounted cash flow (DCF) model to estimate the intrinsic value of Titan’s shares based on its future cash flows.
For the relative analysis, I use a peer group comparison to estimate the fair value of Titan’s shares based on its key financial ratios.
Fundamental Analysis of Titan Share Price
The DCF model is based on the following assumptions:
- A revenue CAGR of 20% for FY24-FY33, based on Titan’s historical growth rate and market potential.
- An EBITDA margin of 13% for FY24-FY33, based on Titan’s historical margin and operational efficiency.
- A tax rate of 25%, which is the corporate tax rate in India.
- A weighted average cost of capital (WACC) of 12%, is the average cost of equity and debt for Titan.
- A terminal growth rate of 3%, which is the long-term growth rate of the Indian economy.
Based on these assumptions, the DCF model estimates the intrinsic value of Titan Share Price Target to be INR 3,512.6 per share, which implies an upside potential of 17% from the current share price of INR 3,004.00 per share.
Relative Analysis of Titan Share Price
The peer group comparison is based on the following peers:
- Kalyan Jewellers India Ltd is India’s leading jewelry retailer that offers gold, diamond, platinum, and silver jewelry under brands such as Kalyan Jewellers, Candere by Kalyan Jewellers, etc.
- PC Jeweller Ltd, India’s second-largest jewellery retailer offers gold, diamond, platinum, and silver jewelry under brands such as PC Jeweller, PC Chandra Jewellers, etc.
- Tribhovandas Bhimji Zaveri Ltd, India’s third largest jewellery retailer offers gold, diamond, platinum, and silver jewelry under brands such as TBZ-The Original, TBZ-Shringar, etc.
- Rajesh Exports Ltd, India’s largest gold exporter and refiner offers gold jewellery and bullion under brands such as Shubh Jewellers, Valcambi Suisse, etc.
- Vaibhav Global Ltd, India’s leading electronic retailer of fashion jewelry and lifestyle products offers products under brands such as Shop LC, The Jewellery Channel, etc.
The peer group comparison is based on the following key financial ratios:
- Price-to-sales (P/S) ratio, which measures the market value of a company relative to its revenue.
- Price-to-earnings (P/E) ratio, which measures the market value of a company relative to its earnings.
- Price-to-book (P/B) ratio, which measures the market value of a company relative to its book value or net worth.
- Enterprise value-to-EBITDA (EV/EBITDA) ratio, which measures the enterprise value of a company relative to its earnings before interest, taxes, depreciation, and amortization. Enterprise value is the market value of a company’s equity and debt minus its cash and cash equivalents.
Based on these ratios, the peer group comparison estimates the fair value of Titan Share Price Target to be INR 3,246.4 per share, which implies an upside potential of 8% from the current share price of INR 3,004.00 per share.
The table below summarizes the peer group comparison:
| Company | P/S Ratio | P/E Ratio | P/B Ratio | EV/EBITDA Ratio |
|---|---|---|---|---|
| Titan | 10.1 | 82.0 | 22.5 | 82.7 |
| Kalyan Jewellers | 1.2 | – | 2.0 | – |
| PC Jeweller | 0.2 | – | 0.3 | – |
| Tribhovandas Bhimji Zaveri | 0.6 | – | 1.1 | – |
| Rajesh Exports | 0.1 | 9.9 | 1.5 | 6.4 |
| Vaibhav Global | 2.4 | 27.7 | 7.8 | 19.6 |
| Average | 2.4 | – | 2.5 | – |
Consider reading: Zomato Share Price Target
Titan: Technical Analysis
Titan’s share price chart shows that the stock has been in a strong uptrend since March 2020, when it hit a low of INR 720.00 amid the COVID-19 pandemic. The stock has also formed a rising channel pattern, indicating a bullish trend.
The stock is currently trading near the upper end of the channel, which acts as a dynamic resistance level. The stock is also trading above its 50-day and 200-day simple moving averages (SMAs), which act as dynamic support levels.
The 50-day SMA is also above the 200-day SMA, indicating a positive long-term trend.
The stock is also supported by positive momentum and volume indicators. The relative strength index (RSI) is above 60, indicating bullish momentum. The moving average convergence divergence (MACD) is above zero and above its signal line, indicating a bullish crossover.
The average directional index (ADX) is above 25, indicating a strong trend. The on-balance volume (OBV) is rising, indicating positive volume.
Based on these technical factors, I expect Titan’s share price to continue its uptrend in the short to medium term unless there is a reversal or consolidation of the channel pattern.
I will use the Fibonacci retracement and extension tools to estimate the potential support and resistance levels and price targets for Titan’s shares.
Consider reading: Share Market Terminology for Beginners
Support and Resistance Levels
The Fibonacci retracement tool is used to identify the possible retracement levels of a price movement based on the Fibonacci sequence.
The Fibonacci retracement levels are 23.6%, 38.2%, 50%, 61.8%, and 76.4%. These levels act as potential support or resistance levels when the price retraces from a previous high or low.
The Fibonacci extension tool is used to identify the possible extension levels of a price movement based on the Fibonacci sequence. The Fibonacci extension levels are 61.8%, 100%, 138.2%, 161.8%, and 200%. These levels act as potential targets or resistance levels when the price extends beyond a previous high or low.
I will use the swing low of INR 2,297.00 on May 14, 2023, and the swing high of INR 3,210.00 on July 7, 2023, as the reference points for the Fibonacci retracement and extension tools. The table below summarizes the support and resistance levels for Titan’s shares based on these tools:
| Level | Value (INR) |
|---|---|
| Support 1 | The upper end of channel / Previous high |
| Support 2 | 76.4% retracement |
| Support 3 | 61.8% retracement |
| Support 4 | 50% retracement |
| Support 5 | 38.2% retracement |
| Current Price | As of July 28, 2023 |
| Resistance 1 | Upper end of channel / Previous high |
| Resistance 2 | Minor Fibonacci level (88%) / Round number / Psychological level / Etc. |
| Resistance 3 | Minor Fibonacci level (97%) / Round number / Psychological level / Etc. |
| Resistance 4 | 100% extension |
| Resistance 5 | 138.2% extension |
Titan Share Price Targets – Weekly, Monthly, and Yearly
The price targets for Titan’s shares are based on the support and resistance levels identified by the Fibonacci retracement and extension tools, as well as the trend analysis and indicators. The price targets are also subject to change depending on the market conditions and news events.
The table below summarizes the price targets for Titan’s shares for different time horizons:
| Time Horizon | Titan Share Price Target (INR) | Rationale |
|---|---|---|
| 1 week | 3,100 | Based on the 50% retracement level, which acts as a potential support or resistance level |
| 1 month | 3,300 | Based on the minor Fibonacci level (88%), round number, psychological level, etc., which act as potential resistance levels |
| 1 year | 3,800 | Based on the 138.2% extension level, which acts as a potential target or resistance level |
Please note that these are just estimates and not actual projections, and they may vary depending on various factors such as market conditions, company performance, industry trends, etc.
Consider reading: Tata Steel Share Price Target
Final Thoughts on Titan Share Price Target 2023, 2024, 2025, 2030 and Long Term
In conclusion, tracking the ‘Titan Share Price Target’ provides investors and market analysts with critical insights into the company’s potential growth and returns.
A comprehensive understanding of the share price target can shape your investment strategies effectively. It’s crucial to consider various factors, including company performance, market trends, and economic indicators, before investing.
Be sure to stay updated with real-time data and expert analysis to make an informed decision.
At the end of the day, the Titan share price target is more than just a number; it’s a barometer of the company’s health, growth prospects, and investor confidence. Thus, ensuring a thorough understanding could significantly impact your investment outcomes.
Always remember, that every smart investment decision is rooted in diligent research and periodic review.
FAQs on Titan Share Price Target 2023, 2024, 2025, 2030 and Long Term
What is Titan Share Price Target 2023?
In 2023, Titan’s share price is projected across different categories. The lowest anticipated price is ₹3,300, while it could potentially reach a peak of ₹3,500. Given these projections, the expected average price for the year stands at ₹3,400.
What is Titan Share Price Target 2024?
In 2024, the projected share price targets for IRCTC indicate that in a pessimistic outlook, the share price might hit ₹875. Conversely, in an optimistic view, it’s believed the share could rise to ₹938.
What is Titan Share Price Target 2025?
In 2025, Titan’s share price targets are set across a spectrum. They range from a low estimate of ₹4,364 to a high of ₹4,629.
What is Titan Share Price Target 2030?
In 2030, projections for Titan’s share price exhibit a range. It’s anticipated to be as low as ₹8,778 and could potentially soar to a high of ₹9,310.
Is Titan good to invest in?
Yes, Titan is an excellent investment option. Many Analysts maintain a Buy rating on Titan with a price target of Rs 3,080. Titan has outperformed its competitors, showing strong short-term growth and substantial long-term growth potential. Considering these factors, Titan’s high valuations are justified.
What is the dividend of Titan in 2023?
In 2023, Titan Company Ltd. declared a dividend of 1000.00%, which amounts to Rs 10 per share. With the current share price of Rs 2987.00, this results in a dividend yield of 0.33%.
